Ibstock will close its defined benefit (DB) scheme to future accrual from the end of the month, it has announced.
The brick maker first mooted the possibility in August, when it launched a consultation on the closure after its scheme fell from surplus to deficit. As of 30 June 2016, the scheme had an actuar...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date